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Victoria, TX Real Estate Market

The real estate market in Victoria is currently experiencing low competitiveness. Last month, the average home in Victoria sold for around $262,000, representing a 19.9% increase compared to the previous year. Additionally, the average price per square foot for homes in Victoria is now approximately $155, which is an 18.8% rise from last year.

$262,000

Median Sale Price

$155

Median Sale Price per Sq. Ft.

31

Total Homes Sold

84

Median Days on Market

Victoria, TX Real Estate FAQs

Here are some questions our clients are asking us.

As of December 2023, the Victoria housing market has seen a significant increase in home prices compared to the previous year. The median home price in Victoria reached $262,000, showing a 19.9% rise from last year. Homes in Victoria are staying on the market longer, with an average selling time of 84 days, a notable increase from just 34 days the year before. However, there has been a decrease in the number of homes sold; in December this year, 31 homes were sold, which is down from 42 homes sold in the same month last year. This data indicates a shift in market dynamics, with higher prices and longer selling periods, but a lower volume of sales.

The housing market in Victoria is characterized as not very competitive. On average, homes in Victoria tend to sell in approximately 57 days. Unlike in more competitive markets, multiple offers on homes are a rarity here. Typically, homes sell for about 3% below the listed price and go pending in around 57 days. However, properties that are highly sought after, often referred to as "hot homes," may sell closer to their listing price and go pending in a shorter timeframe, around 38 days. This indicates a relatively slower market where buyers might have more negotiation power and a wider selection of homes to choose from without the pressure of quick decision-making.

Living in Victoria, TX, presents a mix of advantages and disadvantages, reflecting the typical character of a mid-sized Texan city. The city scores well in terms of livability, with a rating of 74 out of 100 according to Citytistics, and receives high marks for cost of living and housing. This suggests that Victoria offers an affordable living environment with relatively comfortable housing options.

 

One of the significant pros of living in Victoria, as highlighted by Think Real State, includes the presence of good schools, safe neighborhoods, and affordable housing. The city also enjoys warm weather throughout the year and offers a variety of parks and recreational activities, which can be appealing for outdoor enthusiasts and families.

 

On the other hand, the city has limited nightlife and dining options, which might not appeal to those seeking a vibrant urban experience. Furthermore, Victoria experiences crowding during peak tourist seasons and has fewer job opportunities compared to larger cities. Public transportation options may also be limited, which could be a concern for those who rely on public transit.

 

In conclusion, Victoria, TX, offers an affordable and comfortable living environment with good schools and a warm climate, making it suitable for families and those seeking a quieter lifestyle. However, the limitations in nightlife, dining options, job opportunities, and public transportation, along with concerns about crime rates, are factors that potential residents should consider.

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